Witch statement is true for what
Answer:
Explanation:
State & Local Revenue
Taxes represent the largest single source of revenue for state and local governments. Additional sources of state and local government revenue include intergovernmental transfers from the federal government, or from state to local governments, selective sales taxes, and direct charges for utilities, licenses, or entities such as higher education institutions and insurance trusts. For the 20 years, 1996-2015 state and local governments derived approximately 45 percent of revenues from taxes, 18 percent of revenues from the federal government, and approximately 25 percent from service and utility charges.
State and local governments collect tax revenues from three primary sources: income, sales, and property taxes. Income and sales taxes make up the majority of combined state tax revenue, while property taxes are the largest source of tax revenue for local governments, including school districts. Tax revenues fluctuate in response to changes in economic conditions and tax policies.
For the past 20 years, property taxes have accounted for approximately 31 percent of all state and local government tax revenue, with sales and income taxes each accounting for approximately one-quarter of total revenues. Other levies, which includes selective sales taxes, such as for alcohol and tobacco, and licenses, such as for hunting and motor vehicle operation, account for nearly 18 percent. These percentages may be different for a given year within the period. Property taxes are the most volatile, ranging from 25 percent to nearly 57 percent, and sales taxes are the least volatile, ranging from 21 percent to 35 percent. Income taxes ranged from 21.5 percent to 44 percent.
Answer:
D. European countries made money by sending resources back to their home country to sell
Explanation:
Mercantilism is an economic policy that is designed to maximize exports and minimize imports for an economy.
1. Encourage entrepreneurship. People can start their own businesses and eventually employ other people.
2. The government should invest in developing industries. This would create more jobs.
3. Education should be made cheaper. The quality of education should also be increased, so that once young people graduate, they have higher chances of getting employed.
4. The government should partner with private companies to create more job opportunities for people.
Answer:
False
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